Forecast Accuracy. 4.7.1 Prior to entering into this Agreement you have agreed with us your Nominated Consumption as shown on your Proposal. 4.7.2 For electricity only, where your actual consumption for your Agreed Supply Period is greater than 120% of your Nominated Consumption (the “Upper Tolerance” and/ or “UT”) and the average System Buy Price for your Agreed Supply Period is greater than the Energy-Only Element of the Charges, you shall pay an Electricity Excess Consumption Charge. 4.7.3 For electricity only, where your actual consumption for your Agreed Supply Period is less than 80% of your Nominated Consumption (the “Lower Tolerance” and/ or “LT”), except where the average System Sell Price for your Agreed Supply Period is greater than the Energy- Only Element of the Charges, in respect of the difference between your actual consumption at those Premises during your Agreed Supply Period and the Lower Tolerance you shall pay an Electricity Under Consumption Charge. 4.7.4 For gas only, where your actual consumption for a Contract Year/part-Contract Year at Premises with Daily Read Meters is greater than 120% of the Nominated Consumption/pro rated Nominated Consumption as applicable (the “Upper Tolerance”) and the average System Marginal Buy Price for that Contract Year/part- Contract Year is greater than the Energy-Only Element of the Charges, you shall pay a Gas Excess Consumption Charge. 4.7.5 For gas only, where your actual consumption for any Contract Year/part-Contract Year at Premises with Daily Read Meters is less than 80% of your Nominated Consumption/pro rated Nominated Consumption as applicable (the “Lower Tolerance” and/or “LT”), except where the average System Marginal Sell Price for that Contract Year/part-Contract Year is greater than the Energy-Only Element of the Charges, in respect of the difference between your actual consumption at those Premises during that Contract Year and the Lower Tolerance you shall pay a Gas Under Consumption Charge.
Appears in 1 contract
Sources: Electricity and Gas Supply Agreement
Forecast Accuracy. 4.7.1 Prior to entering into this Agreement you have agreed with us your Nominated Consumption as shown on your Proposal.
4.7.2 For electricity only, where your actual consumption for your Agreed Supply Period is greater than 120% of your Nominated Consumption/pro-rated Nominated Consumption as applicable (the “Upper Tolerance” and/ or and/or “UT”) and the average System Buy Price for your Agreed Supply Period is greater than the Energy-Energy- Only Element of the Charges, we may charge you shall pay an Electricity Excess Consumption Charge.
4.7.3 For electricity only, where your actual consumption for your Agreed Supply Period is less than 80% of your Nominated Consumption/pro-rated Nominated Consumption as applicable (the “Lower Tolerance” and/ or “LT”), except where the average System Sell Price for your Agreed Supply Period is greater than the Energy- Energy-Only Element of the Charges, in respect of the difference between your actual consumption at those Premises during your Agreed Supply Period and the Lower Tolerance Tolerance, we may charge you shall pay an Electricity Under Consumption Charge.
4.7.4 For gas only, where your actual consumption for a Contract Year/part-Contract Year at Premises with Daily Read Meters is greater than 120% of the Nominated Consumption/pro rated Nominated Consumption as applicable (the “Upper Tolerance”) and the average System Marginal Buy Price for that Contract Year/part- part-Contract Year is greater than the Energy-Only Element of the Charges, we may charge you shall pay a Gas Excess Consumption Charge.
4.7.5 For gas only, where your actual consumption for any Contract Year/part-Contract Year at Premises with Daily Read Meters is less than 80% of your Nominated Consumption/pro rated Nominated Consumption as applicable (the “Lower Tolerance” and/or “LT”), except where the average System Marginal Sell Price for that Contract Year/part-part- Contract Year is greater than the Energy-Only Element of the Charges, in respect of the difference between your actual consumption at those Premises during that Contract Year and the Lower Tolerance Tolerance, we may charge you shall pay a Gas Under Consumption Charge.
4.7.6 Charges applied under this Clause 4.7 shall be payable in accordance with Clause 5.8 of these Terms and Conditions.
Appears in 1 contract
Sources: Electricity and Gas Supply Agreement
Forecast Accuracy. 4.7.1 Prior to entering into this Agreement you have agreed with us your Nominated Consumption as shown on your the Proposal.
4.7.2 For electricity only, where your actual consumption for your Agreed Supply a Forecast Accuracy Period is greater than 120% of your pro-rata Nominated Consumption (the “Upper Tolerance” and/ or and/or “UT”) and the average System Buy Price for your Agreed Supply the Forecast Accuracy Period is greater than the Energy-Only Element of the Charges, we may charge you shall pay an Electricity Excess Consumption Charge.
4.7.3 For electricity only, where your actual consumption for your Agreed Supply a Forecast Accuracy Period is less than 80% of your pro-rata Nominated Consumption (the “Lower Tolerance” and/ or and/or “LT”), except where the average System Sell Price for your Agreed Supply the Forecast Accuracy Period is greater than the Energy- Energy-Only Element of the Charges, in respect of the difference between your actual consumption at those Premises during your Agreed Supply the Forecast Accuracy Period and the Lower Tolerance Tolerance, we may charge you shall pay an Electricity Under Consumption Charge.
4.7.4 For gas only, where your actual consumption for a Contract Year/part-Contract Year Forecast Accuracy Period at Premises with Daily Read Meters is greater than 120% of the Nominated Consumption/pro rated Consumption /or the pro-rata amount of the Nominated Consumption as applicable (the “Upper Tolerance”) ” and/or “UT” and the average System Marginal Buy Price for that Contract Year/part- Contract Year Forecast Accuracy Period is greater than the Energy-Only Element of the Charges, we may charge you shall pay a Gas Excess Consumption Charge.
4.7.5 For gas only, where your actual consumption for any Contract Year/part-Contract Year Forecast Accuracy Period at Premises with Daily Read Meters is less than 80% of your Nominated Consumption/pro rated Consumption /or the pro-rata amount of the Nominated Consumption as applicable (the “Lower Tolerance” and/or “LT”), except where the average System Marginal Sell Price for that Contract Year/part-Contract Year Forecast Accuracy Period is greater than the Energy-Only Element of the Charges, in respect of the difference between your actual consumption at those Premises during that Contract Year Forecast Accuracy Period and the Lower Tolerance Tolerance, we may charge you shall pay a Gas Under Consumption Charge.
4.7.6 Charges applied under this Clause 4.7 shall be payable in accordance with Clause 5.9 of these Terms and Conditions.
Appears in 1 contract
Sources: General Terms and Conditions
Forecast Accuracy. 4.7.1 Prior to entering into this Agreement you have agreed with us your Nominated Consumption as shown on your the Proposal.
4.7.2 For electricity only, where your actual consumption for your the Agreed Supply Period is greater than 120% of your Nominated Consumption/pro-rated Nominated Consumption as applicable (the “Upper Tolerance” and/ or and/or “UT”) and the average System Buy Price for your the Agreed Supply Period is greater than the Energy-Energy- Only Element of the Charges, we may charge you shall pay an Electricity Excess Consumption Charge.
4.7.3 For electricity only, where your actual consumption for your the Agreed Supply Period is less than 80% of your Nominated Consumption/pro-rated Nominated Consumption as applicable (the “Lower Tolerance” and/ or and/or “LT”), except where the average System Sell Price for your the Agreed Supply Period is greater than the Energy- Energy-Only Element of the Charges, in respect of the difference between your actual consumption at those Premises during your the Agreed Supply Period and the Lower Tolerance Tolerance, we may charge you shall pay an Electricity Under Consumption Charge.
4.7.4 For gas only, where your actual consumption for a Contract Year/part-Contract Year at Premises with Daily Read Meters is greater than 120% of the Nominated Consumption/pro pro-rated Nominated Consumption as applicable (the “Upper Tolerance”) and the average System Marginal Buy Price for that Contract Year/part- part-Contract Year is greater than the Energy-Only Element of the Charges, we may charge you shall pay a Gas Excess Consumption Charge.
4.7.5 For gas only, where your actual consumption for any Contract Year/part-Contract Year at Premises with Daily Read Meters is less than 80% of your Nominated Consumption/pro rated Nominated Consumption as applicable (the “Lower Tolerance” and/or “LT”), except where the average System Marginal Sell Price for that Contract Year/part-part- Contract Year is greater than the Energy-Only Element of the Charges, in respect of the difference between your actual consumption at those Premises during that Contract Year and the Lower Tolerance Tolerance, we may charge you shall pay a Gas Under Consumption Charge.
4.7.6 Charges applied under this Clause 4.7 shall be payable in accordance with Clause 5.9 of these Terms and Conditions.
Appears in 1 contract
Sources: General Terms and Conditions